Lanka Lead News මහ බැංකු අධිපති ආචාර්ය නන්දලාල් වීරසිංහ මහතා පාර්ලිමේන්තු මන්ත්‍රීවරුන්ට රට ගොඩ නැගීමට කළ යුතු දේ සම්බන්ධයෙන් ටියුෂන් පන්තියක් පැවැත්වූ බැවින් දැන් රටේ අර්බූදය විසඳෙනු ඇතිද යන්න පිළිබඳව ලංකා ලීඩ් වෙබ් අඩවිය ජාතික සංවිධාන වල මතය විමසන ලදී. එහිදී ජාතික සංවිධාන එකමුතුවේ මාධ්‍යය ප්‍රකාශක වෛද්‍යය වසන්ත බණ්ඩාර මහතා අදහස් දක්වමින්, ” මීට පෙර […]

Courtesy Adaderana China says it stands ready to work with relevant countries and international financial institutions to continue to play a positive role in supporting Sri Lanka’s response to current difficulties and efforts to ease debt burden and realize sustainable development. The spokesperson for the Chinese Foreign Ministry, Zhao Lijian stated this in response to […]

Courtesy Hiru News Paris Club is ready to start debt relief process for Sri Lanka and coordinate with non-Paris Club official bilateral creditors to provide financing assurances.

Courtesy Hiru News A loaf of bread (450g) will be sold at Rs. 300 citing the increase in Wheat Flour prices according to the All Ceylon Bakery Owners Association

Courtesy Hiru News Foreign Ministry Spokesperson Zhao Lijian at the regular pess conference on September 2, 2022 responsed to a query of Reuters. Reuters: During a news conference on Friday, Japanese Finance Minister Shunichi Suzuki urged all countries that lent money to Sri Lanka, including China, to discuss the country’s debt restructuring. These were remarks […]

Courtesy Hiru News Developing Countries Trading Scheme will offer Sri Lanka the opportunity to benefit from duty- free schees for a range of goods exported to UK according to the Prime Minister of the United Kingdom. British Prime Minister Boris Johnson has stated this while sending a congratulatory message to the President. The UK Government […]

Courtesy Hiru News 02 September 2022: Fitch Ratings-Hong Kong releasing a statement titled “Onus on Debt Negotiations after Sri Lanka’s IMF Staff Agreement” comments on the IMF agreement and the current context in Sri Lanka. The Text of the Statement is as follows; The IMF staff-level agreement with Sri Lanka on a USD2.9 billion programme, […]

Courtesy Hiru News Chinese embassy states that they have been always encouraging the IMF and other international financial institutions to continue to play a positive role in Sri Lanka. As a traditional friendly neighbor of Sri Lanka and a major shareholder of the International Monetary Fund, China has been always encouraging the IMF and other international […]

Courtesy Adaderana Prime Minister Dinesh Gunawardena said that the government was able to reach a staff level agreement this morning to obtain an extended fund facility of USD 2.9 billion dollars from the International Monetary Fund (IMF) that will operate for a period of four years. Speaking in Parliament today (01), the Prime Minister also […]

Courtesy Adaderana The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that huge tax cuts in 2019 and extensive money printing to settle debts triggered the worst economic crisis in the history of the country. He also stated that the government of Sri Lanka and the Central Bank had already […]

Courtesy MailOnLine Crisis-hit Sri Lanka’s inflation hit an eleventh consecutive monthly record in August, official data showed on Wednesday, rising to 64.3 percent as the International Monetary Fund extended bailout talks by one more day. The benchmark year-on-year Colombo Consumer Price Index (CCPI) in August was more than eight times higher than the 7.6 percent […]

Courtesy Adaderana The Asian Development Bank (ADB) approved a $200 million emergency assistance loan for Sri Lanka, with funds repurposed from other ongoing ADB projects, to improve food security and protect the livelihoods of the poor and vulnerable, especially women and children. Food insecurity has severely affected the people of Sri Lanka amid the current […]

Courtesy Adaderana Delivering the Interim Budget Speech for 2022 in Parliament today (30), President Ranil Wickremesinghe stated that the government’s aim is to create a surplus in the primary budget by the year 2025.  Our effort is to stabilize the economic growth rate. Our aspiration is to establish a solid economic foundation by the year […]

Courtesy Adaderana President Ranil Wickremesinghe, in his interim budget speech, said an independent National Debt Management Agency (NDMA) would be established in the country. Speaking further, he said the government debt management-related activities are carried out by the Central Bank of Sri Lanka, External Resources Department, National Budget Department and the Treasury Operations Department at […]

Courtesy The Daily Mirror The US will support Sri Lanka through International Monetary Fund (IMF), if Sri Lanka could reach an agreement with the IMF, US Ambassador to Sri Lanka Julie Chung said. She said in a twitter post that the US will redouble its endeavours to support Sri Lanka through ongoing efforts such as […]

Courtesy The Daily Mirror Responding to Sri Lanka’s request for China to change its tune on debt relief, a spokesman for the Chinese embassy said the ball is in Sri Lanka’s court, not China’s. The spokesman told Daily Mirror China communicated to the Sri Lankan Finance Ministry three months ago about its readiness to discuss […]

Courtesy Adaderana Acting Secretary General of Parliament Ms. Kushani Rohanadheera has informed all Members of Parliament to participate for the special program conducted by the Governor of the Central Bank on Sri Lanka’s current economic situation and way forward.” Organized as per the instructions of the Speaker of Parliament Mahinda Yapa Abeywardena, this interactive discussion […]

Courtesy Adaderana Sri Lanka’s 2023 budget would aim to reduce the fiscal deficit to 6.8 per cent in 2023 from the projected 9.9 per cent in 2022, a senior Cabinet Minister said on Tuesday, ahead of the visit by the IMF delegation for a bailout package to the crisis-hit island nation. Sri Lanka is in […]

By P.K.Balachandran Courtesy NewsIn.Asia Colombo, August 20: The US Ambassador to Sri Lanka Julie Chung is confident that Sri Lanka will recover from its present political and economic troubles, but she cautions that it will have to ensure political stability and take hard decisions in consonance with the IMF’s stipulations to bring about the desired […]

Courtesy The Island ‘Inflation will not be as high as initially expected’ Inflation will not be as high as initially expected and there are signs of economy stabilising, Central Bank Governor Dr. Nandalal Weerasinghe says.Dr. Weerasinghe said that during the past few months a number of initiatives had been made to improve the economy and […]

Courtesy The Daily Mirror Says IMF mission due in Colombo towards end of this month to reach staff-level agreement Stresses that no change in govt.’s position about not opting to restructure domestic debt  Reiterates that domestic debt restructuring will have detrimental effects on banks and it will delay economic recovery process Expects inflation to peak […]

Courtesy The Daily Star Workers carry a basket of watermelons at a wholesale vegetable and fruit market amid an ongoing economic crisis on the outskirts of Colombo. Sri Lanka defaulted on its $51 billion foreign debt in April and is seeking an International Monetary Fund bailout after months of food, fuel and medicine shortages. PHOTO: […]

Courtesy The Telegraph OnLine (India) The nation is in midst of an unprecedented economic crisis that has led to severe shortages of fuel and other essentials Sri Lanka’s forex situation has “improved” and the economy has started to see favourable results due to decisions made by the Central Bank to mitigate the country’s economic crisis, […]

Courtesy Adaderana The Governor of the Central Bank says that Sri Lanka’s negotiations with the International Monetary Fund (IMF) is making good progress and that an IMF delegation is expected to visit the island by the end of August to reach a staff-level agreement.  “IMF program is making a good progress. For example, IMF mission […]

Courtesy Adaderana (Reuters) – Sri Lanka will ask Japan to invite the Indian Ocean island’s main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday. Someone needs to call in, invite the main creditor […]

නයන තරංග ගමගේ  උපුටා ගැන්ම  අරුණ පුවත් IMF වැඩසටහන සාර්ථක කරගැනීම වෙනුවෙන් ඉදිරිපත්ව ඇති ප්‍රධානම කොන්දේසි දෙකක්ම ඉටුකිරීමේදී ශ්‍රී ලංකාව විශාල අවධානමක IMF විසින් පෙන්වාදෙන සියලුම ණයහිමි රටවල් විසින් ශ්‍රී ලංකාව කෙරෙහි මේ මොහොතේ ‘ලිහිල් දැක්මක්’ පවත්වාගත යුතුය. දැන් චීනය අල්ලා ඇත්තේ එම නිලයෙනි ශ්‍රී ලංකාවේ විදේශ ප්‍රතිපත්තියේ සැලකියයුතු චංචලභාවයක් පැවැති, ගෙවීගිය මාස 07ක කාලයේදී ඉන්දියාවෙන් […]

Charith Gunawardena With the whole world watching the deteriorating political, economic and humanitarian situation unfolding in Sri Lanka, and while we pray for swift solutions to food, fuel and medical shortages, there is now an opportunity to reinvent how countries caught in post-Covid 19 debt traps recover from crippling debt and re-emerge as healthy, functioning […]

Courtesy The New Arab Sri Lanka’s president said on Saturday that an agreement with the International Monetary Fund (IMF) to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks. President Ranil Wickremesinghe, in his first speech since he was elected by parliament on 20 […]

Courtesy The Daily Mirror Earnings from merchandise exports reached US $ 1,208 million in June 2022 Key sectors contributing to improved export earnings include apparel, coconut and rubber  Grim export performance witnessed in tea and spices sectors US, UK and India emerge as largest markets for SL export basket Exports to all regions except CIS […]

Courtesy Adaderana The World Bank Group says it is deeply concerned about the dire economic situation and its impact on the people of Sri Lanka. In a statement, the global financial institution said it is repurposing resources under existing loans in our portfolio to help alleviate severe shortages of essential items such as medicines, cooking gas, […]